Mikhail Fridman Net Worth

Born Mikhail Maratovich Fridman has an estimated net worth of $17.6 billion.
From selling theater tickets to being one of the richest men in Russia, the “Alfa group” founder made his fortune by excelling in trading and financial services. Also known for his jolly nature and chubby figure, the Jewish Russian businessman earned a graduate degree from the “Moscow Institute of Steel and Alloys” before setting up Russia’s one of the largest privately owned investment groups. The Chairman of the Supervisory Board of “Alfa group”, Fridman is the seventh richest man in Russia. The 46 year old business magnate is divorced and is the father of two daughters.
Born in a Jewish family in 1964 to engineer parents, young Fridman was engaged in reselling of theater tickets and handmade carpets before initiating his first genuine business cooperative “Courier” specializing in windows washing. Later in 1989, he founded the “Alfa-Eco”, with interests in selling computers, copying equipment, and exotic oriental carpets, which is today known as the “Alfa group” with diverse interests in commercial and investment banking, oil and gas, asset management, retail trade, telecommunications, water utilities and insurance.
Friedman’s trading and financial services conglomerate “Alfa group” is one of the largest privately owned investment groups in Russia, making him stand tall in the list of billionaires with a net worth of $17.6 billion. Fridman’s influential group holds stakes in Oil and Gas Company “TNK-BP”, “X5 Retail Group” and several telecom companies which include “Vimplecom Ltd”, “Turkcell” and “Megafon” making him the seventh richest man in Russia and 43rd richest in the world. The wealthy business magnate also serves as the member of various other prestigious business groups. The successful business man also received many awards and recognitions on account of his contributions to the business industry which include “Golden Plate” “Businessman of the Year” award and inclusion in the “Europe's Power 25” list.

"Our impression was that BP shareholders understood our concerns and recognized the need to begin a constructive dialogue."

"They're under pressure on several fronts, in the U.S., Argentina, India, and here in Russia. They're trying to buy time, to reassure investors by saying 'don't worry, we have offers."

"For us the most preferable option would be to sell AAR's stake for cash and BP shares over an extended period - say, 5-7 years – gradually, but with the terms spelled out up front."

"The oil price has fallen sharply and the profitability of the oil industry has fallen" since last year."

"We don't make dumb investments; buying a minority stake in a large public company isn't a very effective way to influence management."

He is the 2nd richest person in Russia as of 2014.

He was honored "For Creation of Successful Russian Brand" by World Brand Academy in 2006.

He was named by GQ magazine as Businessman of the Year for 2006.

He is one of the "Europes Power 25" by Fortune in 2004.

He was honored with the Golden Plate Award of the International Academy of Achievement in Washington, presented by former US President Bill Clinton in 2003.